New Equity Traded Fund Offer from UTI

UTI Mutual Fund
Scheme Name UTI – S&P BSE Sensex Next 50 Exchange Traded Fund
Objective of Scheme The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Scheme Type Open Ended
Scheme Category Other Scheme – Other ETFs
New Fund Launch Date 26-Feb-2019
New Fund Offer Closure Date 01-Mar-2019
Indicate Load Separately Entry Load- Nil, Exit Load – Nil
Minimum Subscription Amount Rs.5,000/- and in multiple of Rs.1/-
For Further Details Please Visit Website

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Types of Mutual Funds based on asset class

Exchange Traded Fund (ETF): An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur.

Types of Mutual Funds based on structure

Open-ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically, these funds will allow investors to keep investing as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

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